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New-home sales rebound in January, bolstered by strong demand

from MarketWatch

Sales of newly-constructed homes rebounded in January, but the housing market continues to move forward in fits and starts. New home sales ran at a seasonally adjusted annual rate of 555,000, the Commerce Department said recently. That was 3.7 percent higher than in December, and 5.5 percent higher compared with a year ago. more

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